Today I will tell you some of the reasons why some people remain middle class or poor all their lives. But some people go from poor to rich.
We study for 15 to 20 years to earn education, jobs and money.
But the biggest concern is that at this time we never think about how to get rich. Getting rich is not taught in school-college, nor is it taught in our family - especially in poor and middle class families.
So today I will share with you some words from the famous book Rich Dad Poor Dad written by Robert T. Kiyosaki on this subject.
When Robert was 9 years old, his school friends had a picnic. But Robert's friends did not invite him. Because he was poor.
This incident made Robert so sad that he thought he must be rich.
Robert had two fathers.
One is Robert's own father. Called Robert Poor Dad.
The other was the father of Robert's friend whom Robert considered his role model and called him Rich Dad.
Robert's poor father was a teacher who completed 4 years of graduation in less than 2 years and who had a degree like P.Hd.
And his rich father studied only up to eighth grade and he was a businessman.
The thinking of this father of Rabat was very different.
His poor father told him to study well, Robert, so that you could get a good job.
On the other hand, the rich father used to say that Robert should study well so that one day you can open your own company and give jobs to others.
His poor father used to say that money is the root cause of all bad things.
On the other hand, rich fathers used to say that lack of money is the root cause of all bad things.
We shouldn't think about buying something expensive that his poor father used to say we can't afford. Because we are poor.
On the other hand, his rich father used to say that if you want to buy something expensive, you have to think about how you can earn so much that you can buy it.
Robert listens and analyzes these two fathers with his mind and decides which father he should listen to.
Do you think Robert heard of any fathers?
You're right. Robert listened to his rich father and chose him as his role model.
What did Robert's rich father teach Robert?
Here are some of the words Robert's rich father taught him:
1] Poor people work for money, rich people work with money.
Poor people work for money, Rich make money work for them.
Robert T Kiyosaki
Many of us just want to get a job. Because we think that if we get a government or private job after studying, our life will be safe. This is the same education we get from our families and society. But once we get the job, we become slaves to money and we start working for money.
Fear of not getting money does not give us a chance to think of anything other than a job.
They will get richer as their salaries increase. But in reality it is not. Even if the salary increases, they remain as poor as before.
This is because as the salary increases, so do their expenses. Such as - expensive shoes, clothes, jewelry, Mobile, TV, Bike, Car, furniture, etc., etc.
This is how they spend their whole lives.
Rich people, on the other hand, do not work for money. Make money work for yourself.
Wealthy people work to learn a new skill by which they can make money for themselves in the future.
Imagine for a second you were transposed into the karmic driven world of Earl.
Only by being free from the fear of earning money can we reap the real benefits of money.
You can start a profitable business with little capital so that your money will start working for you.
If you look around you a little better, you will see that those who are rich have not become rich by working. Those who have become rich have become rich by doing business or by using money from work elsewhere or by doing business.
But I have never said that those who live by working are not happy or I have not once forbidden you to work.
I am saying these words only to those who want to do something bigger than confining themselves to any job or boundary.
I just wanted to say that if you want to be rich, you don't have to work for money, you have to work with money.
Read more: How to control the power of the subconscious mind?
2] The difference between property and liability
In the words of Robert T Kiyosaki, “Differentiate between Assets and Liabilities”.
First of all, what is the property and liability?
Property makes money for us. Such as a business partnership, shares of a company or any real estate property from which we get rent, etc.
On the other hand, liability is the exact opposite of property which takes money out of our pockets. Expensive phones, expensive cars, big houses - all of which cost money to buy first and then maintain.
And if you take them in installments, your liability will be doubled. That is, first the monthly liability and their maintenance cost.
Middle class people make this mistake. They buy liability and think of property.
Wealthy people, on the other hand, create wealth and avoid liability as much as possible.
3] The difference between the poor, the middle class and the rich
The above three classes of people transact money as follows:
a) Poor people get money from jobs which they spend on essentials of daily living.
b) Money comes to middle class people and from jobs which they spend to buy basic necessities of life and to meet their obligations with the money they have left.
c) On the other hand rich people get money from property and job through which they build property with the help of money left over after meeting essential needs which helps them to build more property in future.
Thus the rich get richer and the poor get poorer.
So in order to be rich we should also focus on building wealth and stay away from liability.
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4] Create Passive Income Stream
“Built Passive Income Stream” in the words of Robert T Kiyosaki.
Wealthy people create alternative income streams, which means that money will be earned whether they are active or not.
There are two ways to make money -
a) Active Income - When you work for money all the time. Such as any job.
b) Passive Income - Money will work for you even if you are not active.
Read the following story carefully to understand these two issues better.
There was a village where there was no water. But there was a river some distance away. The two men thought they would bring water from the river and sell it to the village.
For some time they continued this business.
One of them continued to work in this way.
Another stopped his work for a while and built a pipeline from the river to his house with the money he saved, and then that second man started selling water from home.
A few days later, two people fell ill.
As a result, the work of the first person is stopped.
But the second man hired a workman for some money to start selling water for him. In this way his business continues and he continues to earn money.
This is because the second person paved the way for alternative income. As a result, his absence did no harm to the business.